A new non-profit fund will help support education in Kentucky by
funding innovative programs that could increase the number of students
graduating from high school ready for college or careers.

The
private Fund for Transforming Education in Kentucky would distribute
money on two levels, according to an announcement Monday. It would
financially support large educational programs with potential statewide
impact, but also be able to underwrite innovative local projects
developed by school districts or teachers.

Ultimately, officials
said, the aim is to establish a “venture capital pool” to help Kentucky
educators who want to try new ideas, but lack financial support, and
then help sustain programs that work.